All Forum Posts by: Ted Pejman

In my humble opinion buying real estate for investment is always is a good idea regardless of market trends. As long as you buy RIGHT. You should know your target zone area along with market values and rental income. and if you do that it is always a good time to buy and if you wait you may miss your chances on rental increases, appreciation, and payoff of your mortgage by your tenants.

Walter, in my humble opinion you should ALWAYS buy RE in a right location and do your due-diligent and never wait for the right time because you may missing out on a good deals.

I got fooled by Clayton Morris' TV personality and daily podcast of cashflow rental that he was promoting through Morris Invest. Part is my fault believing and trusting people.  One bad apple ruins it for the rest of honest and hardworking property managers/investors. 

On the positive side, I received an offer of $655 from a local investor for my boarded up Taj Mahal that Morris sold me for $61K.  Now I understand the concept of buying high selling low! LOL

I came to know and trusted Morris Invest (MI) a Podcast for real estate investors promoted by Clayton and Natalie Morris, which they received referral fees from Oceanpointe (OP) Property Management aka Oceanpointe Investment, LLC and promoting their business to investors. In the last count, investors bought more than 1400 properties thought OP with MI promotional activities without regards to investors' well beings. MI promised me that the property will be rehab and completed in 90 days and will be tenant occupied soon after.

I purchased a property located in Indianapolis, IN 46218, for a total price of $61,038.50, which included $32,000 rehab cost for this duplex.

The rent from this duplex estimated to be $1,200 per month. The property is untouched since December 20, 2017, and I am frustrated to find an answer to my dilemma.

What I don't get it is...do gurus still need my lousy $997 to let me borrow from them and pay them 6% and 15% interest on the loan? they tell us they are making $$$$$millions but still need my $997? WHY?